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Coinbase Launches XRP Futures After CFTC Approval, Active Addresses Surge 67.5%

Coin WorldTuesday, Apr 22, 2025 2:52 am ET
1min read

Coinbase, the largest US-based crypto exchange, has received regulatory approval from the Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts through its derivatives arm. This development marks a significant milestone for institutional access to XRP altcoin, amidst a broader shakeup in the derivatives market.

Earlier in the month, Coinbase announced its intention to bring regulated XRP futures to market, confirming that it had filed for the offering with the CFTC. The firm anticipated the contract going live on April 21. During the late hours of the US session on Monday, Coinbase confirmed in a follow-up post that the product was live, stating, “Coinbase Derivatives, LLC now offers CFTC-regulated futures for XRP.”

This approval suggests a timely endorsement by the CFTC, potentially opening the door to broader crypto derivatives activity in the US. It is unsurprising, given that the agency recently pivoted toward easing entry into the crypto derivatives sector. The CFTC rolled back several regulatory hurdles that had previously deterred traditional and crypto-native firms. The changes simplify registration requirements and lower operational barriers for launching crypto derivatives products.

With XRP historically maintaining high liquidity and a global user base, it represents a strong candidate for derivatives trading, especially in a newly liberalized environment. Unlike more volatile mid-cap tokens, XRP benefits from a combination of legal clarity following the Ripple lawsuit outcome, broad exchange availability, and a sizable market cap. These elements make it attractive to institutional traders seeking capital-efficient exposure.

Recent on-chain data reveals a sharp uptick in network activity, further bolstering the case for XRP futures. Data shows XRP active addresses surged by 67.5% between April 19 and 20, ahead of Coinbase Derivatives’ XRP futures debut, climbing from 27,352 to 40,366. The spike suggests growing engagement from retail and institutional participants, possibly in anticipation of expanded market access through derivatives.

Still, market sentiment around XRP remains mixed. Despite the regulatory milestone, XRP’s spot price has declined, reflecting broader market consolidation and investor caution. This suggests that while futures listings can enhance liquidity and price discovery over time, short-term price action often diverges from structural developments.

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Abe719
04/22
**Ripple's Regulatory Ride: Coinbase Launches XRP Futures Amid Market Hesitation** Coinbase just dropped XRP futures, but the market's like, "meh." It's like they're waiting for the next big thing, but maybe it's just another ripple in the pond. Still, the regulators are stoked, and the network's buzzing. Let's see if this one floats or sinks.
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DrSilentNut
04/22
XRP futures on Coinbase? 🚀 Liking the potential here. CFTC approval means legit game for institutions. Let's see if it pumps the price.
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Puzzleheaded-Mood544
04/22
I'm holding some $XRP. My strategy? Diversify crypto bag. Altcoins like XRP offer relief when $BTC fluctuates too much.
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_Ukey_
04/22
Coinbase bringing XRP futures aligns with broader crypto derivatives relaxation. CFTC easing up means more options for traders soon.
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sesriously
04/22
Ripple vs SEC drama still ongoing, yet XRP gets more mainstream play. Regulatory wins are huge, but market's moody.
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Lunaerus
04/22
Coinbase bringing XRP futures is like $AAPL launching a new product—big moves. XRP's liquidity is a major draw for me.
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Jazzlike-Check9040
04/22
@Lunaerus What’s your take on holding XRP long-term?
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SmallVegetable4365
04/22
XRP futures = 🚀 potential pump? Or just moonshot dreams?
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TailungFu
04/22
Regulatory green light. Still, market vibes are chill.
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ultrapcb
04/22
COINbase drops XRP bomb, but price says meh.
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Hamlerhead
04/22
CFTC flexing, crypto derivatives expanding. Who's ready?
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Defiant-Tomatillo851
04/22
I'm in for the long haul with XRP. Holding through the lawsuit noise. Derivatives just give me more options to manage risk.
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KlutzyCasual
04/22
@Defiant-Tomatillo851 How long you planning to hold XRP? Curious if you've got a target in mind or just riding it out.
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Virtual_Information3
04/22
Regulatory hurdles easing is a game-changer. Crypto derivatives in the US are finally catching a break. Who's ready for some action?
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ccooddeerr
04/22
@Virtual_Information3 Ready for moonshot, bro.
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Outrageous_Kale_3290
04/22
@Virtual_Information3 What's your take on XRP now?
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Comfortable_Corner80
04/22
XRP's spot price dipping despite the hype? Classic market jitters. Futures can boost liquidity but might not reflect spot value immediately.
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kenton143
04/22
Active addresses spiking is a good sign. More users engage, the merrier for traders. Liquidity might improve faster than expected.
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Inevitable-Candy-628
04/22
Anticipation before the product launch definitely drove engagement. New access points always stir excitement and speculation. 📈
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SuperNewk
04/22
@Inevitable-Candy-628 Anticipation can pump the metrics, for sure.
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